Baku: Azerbaijan’s Minister of Finance, Sahil Babayev, engaged in discussions with a World Bank delegation led by Charles Cormier, the Regional Director for Infrastructure for Europe and Central Asia. Roland Pryce, the Regional Director for the South Caucasus, was also present at the meeting, which took place on January 26. The primary focus was on the status and future trajectory of collaborative efforts between Azerbaijan and the World Bank, with a particular emphasis on infrastructure, urban development, energy, and digital sectors.
According to Azerbaijan State News Agency, Minister Babayev underscored the enduring partnership of over three decades between Azerbaijan and the World Bank. He noted that the bank has provided approximately $5.2 billion to fund 54 projects across various sectors. This significant financial assistance has been instrumental in advancing economic reforms and ensuring the development of sustainable infrastructure in Azerbaijan.
The meeting also entailed a review of the ongoing collaborative projects funded by the World Bank, assessing their progress and exploring potential areas for future cooperation.